Disbursement Approval definition

Disbursement Approval means the electronic approval of a Guarantee by Ex-Im Bank of any Request for Disbursement Approval.
View Source
Disbursement Approval means the Written Approval of Lender authorizing Settlement Agent to Disburse the Loan Proceeds. This may also be called
View Source

Examples of Disbursement Approval in a sentence

  • Borrower shall pay to Bank a non-refundable facility fee in the total amount as set forth on the Closing Statement and Loan Disbursement Approval of even date herewith.

  • The Lender agrees that Ex-Im Bank shall not deliver a substitute Disbursement Approval with respect to the exercise of an Interest Rate Switch.

  • Ex-Im Bank shall evidence each Disbursement Approval by recording the word “Approved” in the “Status” column corresponding to the relevant Disbursement Identification Number as set forth on the “History Requests” page of the ECP Web Site.

  • Once the Department is satisfied that the relevant Disbursement Milestone has been achieved in accordance with the terms of this Agreement, the Department shall (a) issue a Direct Funding Disbursement Approval Notice to the Recipient; and (b) make a Direct Funding Disbursement within thirty (30) days of the issuance of such Direct Funding Disbursement Approval Notice.

  • Each of the conditions precedent to the issuance of a Disbursement Approval set forth in the Delegated Authority Notice with respect to such Approved Credit, if any, shall be fully satisfied or waived by both the Person bound by such condition and the Person benefiting from such condition.

  • If the Independent Construction Consultant determines that it cannot provide the Independent Construction Consultant's Disbursement Approval or the Construction Escrow Agent determines that it cannot provide the Construction Escrow Agent's Issuance Letter, with respect to all or any amount of the requested disbursement, the Company shall have the right to withdraw such Disbursement Request, and notwithstanding Section 7.1(c) submit an amended Disbursement Request hereunder.

  • Subject to Section 10.07, the Lender shall be irrevocably bound by each Request for Disbursement Approval or other document required by this Agreement or notice delivered hereunder which is purportedly executed or delivered on behalf of the Lender either (a) through use of the User Identification and Password provided to the Lender by Ex-Im Bank or (b) in a manner consistent with the evidence of authorization provided pursuant to Section 6.01 as modified by a notice delivered pursuant to Section 9.02(c).

  • Within five business days after receipt of a Satisfaction Statement, ARC shall submit the Disbursement Request, together with a Disbursement Approval Statement, to the Trustee for disbursement in accordance with the Trust Indenture and the instructions set forth in the Disbursement Request.

  • Each of the conditions precedent to the issuance of a Disbursement Approval set forth in the Ex-Im Bank Approval with respect to such Credit, if any, shall be fully satisfied or waived by both the Person bound by such condition and the Person benefiting from such condition.

  • Upon receipt of a Disbursement Request, the recipient of the Disbursement Request shall promptly review same, and, upon confirmation that the information contained in the Disbursement Request is accurate, shall provide to Agent, with a copy to the sender of the Disbursement Request, a certificate authorizing Agent to pay the requested disbursement amount out of the Escrowed Fund (the "Disbursement Approval Certificate").